What is Banking - Banking Basics

This article provides an quick overview of banking and its functions. This article discusses the basic defintion of banking, why banking is under strict regulations and what are some of the contractual obligations between banks and its customers.

The focus of banking is varied, the needs diverse and methods different. Thus, we need distinctive kinds of banks to cater to the above-mentioned complexities. This article discusses the broad classification of banks and explains each type of banks with their distinctions.

Banking sector has witnessed enormous growth in the past decades. The banks have transformed themselves from traditional deposit and borrowing institutes to large organizations offering a variety of services. Discussion about various classifications of banks.

The banking industry caters to a diverse clientele, which includes, individual customers, small businesses, farmers, corporates and corporations, banks, governments, institutional investors, non profit organizations and international clients. Learn about the banking products and services for these customers.

Learn about financial assets and the role the banking industry plays in financial assets market. Learn about various types of financial assets and their importance in terms of banking industry.

Learn what we mean by financial institutions and financial intermediaries. Learn the two main classifications of financial institutions and understand the significant distinction between depository and non-depository financial institutions. Learn how the financial system works and understand the concept of financial markets.

Depository intermediaries receive deposits from customers and use the money to run their businesses. These institutions may have other sources of income, but the bread and butter of their business is handling deposits, paying interest on them, and lending money based on those deposits. Learn about various types of depository intermediaries.

As the name suggests, non-depository intermediaries don't take deposits. Instead, they perform other financial services and collect fees for them as their primary means of business. Learn more about various types of non-depository financial intermediaries and how they work.

Learn what we mean by financial markets and why we at all need them? Understand the major benefits provided by these markets and see some examples on various types of financial markets. Understand the difference between primary and secondary markets.

In this article, we will consider the key services provided by the banks, insurance companies, mutual funds, stockbrokers, and the other financial services firms that make up the financial system. The firms in this sector, which makes different financial assets and financial liabilities more or less attractive to individual investors and borrowers, offer different services.

When you think of a bank, what image comes to mind? A bank is a financial intermediary for the safeguarding, transferring, exchanging, or lending of money. Banks distribute “money” - the medium of exchange. A bank is a business and banks sell their services to earn money, and they need to market and manage those services in a competitive field. Learn more about the fundamentals of banking.

Banks and other institutions play this critical role by performing services essential to the functioning of an economy. Safeguarding, transferring, lending, and exchanging money in various forms, along with evaluating creditworthiness of customers, are the main functions that banks perform. Learn more about role that banks play in shaping economies.

Banks are commercial institutions and need to increase their business. Unlike other stores and shops, banks are selling services rather than products. Learn how banks get their funds and how they make money on services. In this article, we look more closely at how banks do business and how they earn profits and explore the value chain of banking industry.

Banks are important to the efficient functioning of the financial system. Learn the basics of bank’s balance sheet and understand the meaning of items that are generally shown in the balance sheet of a commercial bank.  Understand the basics of commercial banking from an accountant’s perspective.

Banking has changed radically in the last 20 years, and it is now one of the most competitive businesses in the world. Like any business, a bank must attract customers in order to make money. There is an ever-wider array of services that are offered by banking industry today. Learn about various banking products and services.

This article introduces various types of payment mechanisms available with banks, how they work and advantages and disadvantages of using various types of bank payment types. Understand what we mean by payment systems and explore large value and retail payment systems. Learn about various modes to discharge a payment.

Banking today is an exciting, fast-moving, around-the-clock, global activity. Changes in regulation, changes in technology, and changes in competition have pushed banking, to become dynamic organizations that must respond rapidly to changing business circumstances. Read about some recent trends in banking industry.

Banks and other institutions play this critical role by performing services essential to the functioning of an economy. Safeguarding, transferring, lending, and exchanging money in various forms, along with evaluating creditworthiness of customers, are the main functions that banks perform. Learn more about role that banks play in shaping economies.

Banks are commercial institutiuons and need to increase their business. Unlike other stores and shops, banks are selling services rather than products. Learn how banks get their funds and how they make money on services. Read more to learn how the banks earn their profit?